CT HB06673

Requires state contracting agencies to develop a cost-benefit analysis before entering into new privatization contracts, with exceptions for services already provided by nonstate entities costing less than $50,000 annually or previously analyzed under similar circumstances.

Establishes that privatization contracts achieving 10% or greater cost savings may proceed with a business case; contracts with less than 10% savings require significant public policy justification and board approval by two-thirds vote.

Creates a privatization contract committee within the State Contracting Standards Board to review business cases, evaluate cost-benefit analyses, and assess impacts on minority and women-owned businesses, with board approval required before agencies can solicit bids.

Requires General Assembly approval for privatization contracts exceeding $150 million annually or $600 million over the contract's life, with a 30-day voting period and automatic approval if no vote occurs.

Adds protections for reimbursable personal services by requiring Comptroller demonstration that projected savings outweigh loss of third-party post-employment liability contributions, and voids any privatization contracts entered after July 1, 2013 that fail to comply with these requirements.